Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question comes from Larry Klatzkin - Jefferies.
Larry Klatzkin - Jefferies
A couple questions here. One, corporate expense for the first quarter and going forward, you're not spending the kind of money on other stuff. What should we be looking for?
Thomas Steinbauer
It's in the range of about $12 million not counting the share-based compensation.
Larry Klatzkin - Jefferies
And are you seeing any indication that Vicksburg's margins might recover? Is it going to take some period of time to really get that back up to what it used to be or is it permanently infringed?
Thomas Steinbauer
That's a function, partly, of market share and where that finally levels out. I doubt if we will see the same margin when we had a 51% - 52% market share; however, we are still managing costs and looking at costs, significant cost adjustments there based on volume. And obviously, when you open up a new facility there are always increased expenditures related to that facility and so we expect additional efficiencies as we continue to improve the performance there.
Larry Klatzkin - Jefferies
My last question has to relate to just, you know, the whole bank financing thing. I'm figuring if you hit the markets today, probably 200 - 225 basis points increase given the market and such. What kind of timing should we look for and when you might be dealing with this? Should we assume end of this year or could you really hold off to the next year before we jump up our interest expense?
Thomas Steinbauer
I don't think we're prepared to predict a timing of how we resolve our debt covenant issue and our maturity issue. Let's just say that we're diligently working toward resolving those issues at this point in time and are going to take advantage of what's been a slight improvement, probably, in the high yield market here recently.
Larry Klatzkin - Jefferies
As far as the opening date for the hotel, you're pegging September, would you say?
Gordon R. Kanofsky
Early fall. I think in another couple of months we'll have a much better visibility to be able to talk about when we can open the hotel, but early fall.
Operator
Your next question comes from David Katz - Oppenheimer & Co.
David Katz - Oppenheimer & Co.
Firstly, on Black Hawk, just thinking about the couple of moving parts that are happening at the property in the next two years being the regulations and the hotel. If you could give us some color about what your strategy is there. And presumably there should be a nice pop up in revenue from both, but in the past we've seen expansions from Ameristar drive a lot of revenue at the expense of profitability in the short term and then some margin improvement over time. Whatever color you can give us about sort of how strategically you're thinking about that property this year would be helpful.
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